Jiuzi Holdings plans to expand its private placement financing scale to 1 billion USD to support the development of the cryptocurrency industry

Jiuzi Holdings, a Nasdaq-listed company, announced that it has signed memorandums of understanding with several institutional investors to expand its private placement financing scale to $1 billion. It is reported that the raised funds will be used to support the development of the company's cryptocurrency asset business, including building secure custody infrastructure and innovative storage solutions.